Connect Group PLC (CNCT) Price Target Cut to GBX 164
Connect Group PLC (LON:CNCT) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from GBX 181 ($2.21) to GBX 164 ($2.00) in a research note issued on Wednesday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 16.73% from the stock’s current price.
Several other research firms have also commented on CNCT. FinnCap reiterated a “buy” rating on shares of Connect Group PLC in a research note on Tuesday. Peel Hunt reiterated a “buy” rating and set a GBX 180 ($2.19) price objective on shares of Connect Group PLC in a research note on Tuesday, July 5th. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 170 ($2.07) price objective on shares of Connect Group PLC in a research note on Thursday, September 15th. Six equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of GBX 183 ($2.23).
Shares of Connect Group PLC (LON:CNCT) opened at 140.50 on Wednesday. The company’s 50 day moving average price is GBX 157.82 and its 200-day moving average price is GBX 156.23. Connect Group PLC has a 52 week low of GBX 129.75 and a 52 week high of GBX 175.00. The company’s market capitalization is GBX 340.85 million.
The business also recently declared a dividend, which will be paid on Friday, February 10th. Stockholders of record on Thursday, January 12th will be given a GBX 6.50 ($0.08) dividend. The ex-dividend date is Thursday, January 12th. This is a positive change from Connect Group PLC’s previous dividend of $3.00. This represents a dividend yield of 4.63%.
About Connect Group PLC
Connect Group PLC, formerly Smiths News Plc, is a United Kingdom-based distribution company. The Company’s segments include Connect News & Media: News Distribution (also referred as Smiths News); Connect News & Media: Media (Dawson Media Direct (DMD)); Connect Books (Bertrams, Dawson Books and Wordery); Connect Education and Care (The Consortium), and Connect Parcel Freight (Tuffnells).
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